Hedge funds’ bullish commodity bets near 6-month peak after Fed

Hedge funds are betting on a big commodity price rebound after a dismal second quarter, with trade data showing bets for higher prices at a near six-month peak after the U.S. Federal Reserve softened its stance on tapering its monetary stimulus.
Wagers on U.S. crude oil are already at record highs, the weekly data from the U.S. Commodity Futures Trading Commission (CFTC) showed on Friday. Bets are also growing for a rebound in gold after its price tumbled 23 percent in the second quarter………………………………………..Full Article: Source